How To Add a New Funding Stream to a Contract
After a contract is already in progress you may find the need to complete the contract using a new source of funds (Funding Stream). This type of change will generally require the following steps; however, feel free to contact your Horizon Support Representative if you need assistance.
NAVIGATION: ACTIVITIES menu > Contract Master
- Open the Work/Service Items tab
- Do a Downward Adjustment on the existing Work Item so that the revised work item amount equals the Total Posted and Unposted amounts. (See: How to Adjust a Work Item)
- Add a new work item that will be applied to the new funding stream.
- Click the first open box under WORK ITEM and select the work item related to this contract or project. Press TAB. You can change the description if you like.
- Select the AMP using the browse button and tab
- Select the Cost Center using the browse button and tab
- Enter the Amount related to this Work Type and tab
- Press the Go to Work Item Break Down button on the bottom right of the screen
- Select the Work Item using the browse button and tab two times
- In the grid, enter 100% and tab to the Funding Stream column
- Click on the Funding Stream header button and select the funding source for this work item
- Tab once and click the blue "X" two times to close the Funding Stream Assignments screen
- You are now finished and can close the Contract Master.
2/2021